Alcoa to sell its 25.1% stake in Ma'aden joint venture
Ma’aden to acquire SABIC’s 20.62% stake in Bahrain’s Alba
Saudi multi-commodity metals and mining company Ma'aden has agreed to acquire a 20.62% stake in Aluminium Bahrain (Alba) from Saudi Basic Industries Corp (SABIC). This move aligns with state-owned Ma'aden's strategy to grow its operations tenfold by 2040,
Alcoa Announces Agreement to Sell its 25.1% Stake in Ma’aden Joint Venture to Ma’aden
Alcoa (NYSE: AA, ASX: AAI) (“Alcoa” or the “Company”) announced today that it has entered into a binding share purchase and subscription agreement (th
Alcoa sells Ma’aden JV stake
Alcoa will divest its full ownership stake in the Ma’aden joint venture (JV) to Saudi Arabian Mining Company (Ma’aden) for over $US1 billion.
Saudi Arabia’s Ma'aden Agrees to Acquire SABIC Stake in Aluminium Bahrain
Saudi Arabian Mining Company (Ma'aden), the region's largest multi-commodity metals and mining company, has agreed to acquire SABIC's 20.62% share in Aluminium Bahrain (ALBA), the company said in a statement.
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion
U.S. aluminium maker Alcoa said on Sunday that it would sell a 25.1% stake in its Ma'aden joint venture to Saudi Arabian mining company Ma'aden for $1.1 billion. The transaction includes approximately 86 million shares of Ma’aden and $150 million in cash,
Ma’aden to acquire 20.62% stake in Aluminium Bahrain from SABIC
The latest transaction is indicative of Ma’aden’s continued growth and ambitions to grow 10 times by 2040, it said.
Alcoa to sell off joint venture in Saudi Arabia
The terms of the deal require Alcoa to keep the Ma’aden shares for three years, and transfer up to one-third o
Saudi Ma’aden acquires 25.1% stake in Ma’aden JV for $1.1bn
Saudi Arabian Mining Company, known as Ma’aden, said on Sunday that it has agreed to acquire US aluminium maker Alcoa’s stakes in a bauxite facility and an aluminium smelter for $150m (SAR563m) in cash and SAR3.
Alcoa to Sell Saudi Arabia Venture Stake in $1.1 Billion Deal
Alcoa has agreed to sell its 25.1% stake in a joint venture with Saudi Arabian Mining, the state-owned mining company better known as Ma'aden, to Ma'aden in a deal valued at about $1.1 billion. Alcoa on Sunday said it will receive $150 million in cash and about 86 million Ma'aden shares valued at around $950 million for its stake in the venture,
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Key Insights Given the large stake in the stock by institutions, Adecco Group's stock price might be vulnerable ...
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SABIC to sell its stake in Alba to Ma'aden for about $1 bln
(ALBH.BH), opens new tab to Saudi mining firm Ma'aden for around $1 billion. The sale proceeds from the 20.62% stake are expected between 363 and 398 million Bahraini dinars ($963.25 million-$1.06 ...
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Ma’aden, Bahrain’s Alba partner to pursue global aluminum business
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SABIC sells Alba shares to Ma’aden
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Saudi Ma’aden and American Alcoa Sign Share Purchase, Subscription Agreement
Saudi Arabian Mining Company (Ma’aden) and Alcoa, one of the world’s leading aluminium companies, announced on Sunday a Share ...
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Saudi Arabia targets control of Alba to bolster metals ambitions
Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman has put metals at the center of his Vision 2030, with Ma’aden ...